- 1H core operational results were in line. Cromwell European REIT delivered another resilient operational quarter with stable occupancy and positive rent reversions, which is expected to continue.
- - Read this at SGinvestors.io -
1H23 adjusted DPU declined 4.5% y-o-y
- Cromwell European REIT (SGX:CWBU)'s 1H23 adjusted DPU declined 4.5% y-o-y, mainly on the back of higher interest costs. Headline DPU declined 10.4% y-o-y as this included income contribution for the last year from two assets that are currently undergoing redevelopment. See Cromwell REIT's distribution date.
- - Read this at SGinvestors.io -
- Cromwell European REIT's portfolio value also held up much better with just a marginal decline of 1.6%, as the impact of higher cap rates were offset by improved occupancy and rent growth.
Making good progress on portfolio rebalancing strategy.
- Read more at SGinvestors.io.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2023-08-15
Previous report by RHB:
2023-07-03 Cromwell European REIT - Divestment Plans Set In Motion; BUY.
Price targets by other brokers at Cromwell REIT Target Prices.
Listing of research reports at Cromwell REIT Analyst Reports.
Relevant links:
Cromwell REIT Share Price History,
Cromwell REIT Announcements,
Cromwell REIT Dividends & Corporate Actions,
Cromwell REIT News Articles
